Find what is anne''s realized gain

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Reference no: EM1377446

Anne sold her home for $290,000 in 2012. Selling expenses were $17,400. She purchased it in 2005 for $200,000. Through the period of ownership, Anne had done the following: -Deducted $50,500 office-in-home expenses, which included $4,500 in depreciation 0Deducted a casually loss in 2008 for residential trees destroyed by a hurricane. total loss was $19,000 (after the $100 floor and the 10% of AGI floor), and Anne's insurance company reimbursed her for $13,500 -Paid street paving assessment of $7,000 and added sidewalks for $8,000 -installed an elevator for medical reasons. The total cost was $20,000, and Anne deducted $13,000 as medical expenses. Find what is Anne's realized gain?

Reference no: EM1377446

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